The project has also submitted to Kickstarter
That Mega Man board game project is still chugging along, and it has new figures for Guts Man and Fire Man to show off. So far all of the figures look pretty detailed, so I can't wait to get my hands on the finished product.
As far as the creation of the actual game goes, Jasco has obtained the approval of Capcom, and now they're waiting on the "OK" from Kickstarter. After submitting a project it should only take a couple of days to hear back, so expect some sort of news soon if you're interested.